APH-PARTNERS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
APH-PARTNERS
Largest movements
- Tangible fixed assets -€18,161
down €18,161 (-23.0%), from €78,870 to €60,709
of which Land and buildings: -€19,526
- Cash -€4,895
down €4,895 (-23.6%), from €20,748 to €15,853
mainly Debts after one year (-€20,045) and Investment in fixed assets (net) (-€4,911)
- Debts after one year -€20,045
down €20,045 (-12.9%), from €155,950 to €135,905
- Profit (loss) carried forward -€3,400
down €3,400 (-2.0%), from -€170,180 to -€173,580
- Depreciation -€11,338
down €11,338 (-33.0%), from €34,410 to €23,072
- Gross operating margin +€6,654
up €6,654 (+27.9%), from €23,887 to €30,541
- Other operating charges +€6,505
up €6,505 (+155%), from €4,203 to €10,709
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,279 | €149,461 | -€23,818 | -13.7% |
| Fixed assets | 21/28 | €78,870 | €60,709 | -€18,161 | -23.0% |
| Tangible fixed assets | 22/27 | €78,870 | €60,709 | -€18,161 | -23.0% |
| Land and buildings | 22 | €78,870 | €59,344 | -€19,526 | -24.8% |
| Furniture and vehicles | 24 | €0 | €1,365 | +€1,365 | |
| Current assets | 29/58 | €94,409 | €88,752 | -€5,657 | -6.0% |
| Amounts receivable within one year | 40/41 | €73,661 | €72,899 | -€762 | -1.0% |
| Trade receivables | 40 | €72,581 | €72,581 | = | 0.0% |
| Other amounts receivable | 41 | €1,080 | €318 | -€762 | -70.6% |
| Cash at bank and in hand | 54/58 | €20,748 | €15,853 | -€4,895 | -23.6% |
| Total equity and liabilities | 10/49 | €173,279 | €149,461 | -€23,818 | -13.7% |
| Equity | 10/15 | €8,370 | €4,970 | -€3,400 | -40.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,180 | -€173,580 | -€3,400 | -2.0% |
| Amounts payable | 17/49 | €164,909 | €144,491 | -€20,418 | -12.4% |
| Amounts payable after more than one year | 17 | €155,950 | €135,905 | -€20,045 | -12.9% |
| Financial debts | 170/4 | €155,950 | €135,905 | -€20,045 | -12.9% |
| Amounts payable within one year | 42/48 | €8,959 | €8,586 | -€374 | -4.2% |
| Trade debts | 44 | €8,941 | €8,563 | -€378 | -4.2% |
| Suppliers | 440/4 | €8,941 | €8,563 | -€378 | -4.2% |
| Taxes, remuneration and social security | 45 | €18 | €0 | -€18 | -100% |
| Taxes | 450/3 | €18 | €0 | -€18 | -100% |
| Other amounts payable | 47/48 | - | €23 | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,410 | €23,072 | -€11,338 | -33.0% |
| Other operating charges | 640/8 | €4,203 | €10,709 | +€6,505 | +155% |
| Gross operating margin | 9900 | €23,887 | €30,541 | +€6,654 | +27.9% |
| Operating profit (loss) | 9901 | -€14,726 | -€3,239 | +€11,487 | +78.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400% |
| Financial charges | 65/66B | €162 | €160 | -€2 | -1.0% |
| Recurring financial charges | 65 | €162 | €160 | -€2 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,888 | -€3,400 | +€11,489 | +77.2% |
| Profit (loss) for the period | 9904 | -€14,888 | -€3,400 | +€11,489 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,888 | -€3,400 | +€11,489 | +77.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.